CEVA INC — Director's Dealing 2011

Feb 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2011-02-09

Reporting Person: NILSSON SVEN CHRISTER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-09	Common Stock	M	38000	$7.45	Acquired	38000	Direct
2011-02-09	Common Stock	S	38000	$25.11	Disposed	0	Direct
2011-02-09	Common Stock	M	13000	$7.45	Acquired	13000	Direct
2011-02-09	Common Stock	S	13000	$25.10	Disposed	0	Direct
2011-02-09	Common Stock	M	13000	$7.91	Acquired	13000	Direct
2011-02-09	Common Stock	S	13000	$25.10	Disposed	0	Direct
2011-02-09	Common Stock	M	3250	$5.76	Acquired	3250	Direct
2011-02-09	Common Stock	S	3250	$25.10	Disposed	0	Direct
2011-02-09	Common Stock	M	9750	$8.5	Acquired	9750	Direct
2011-02-09	Common Stock	S	9750	$25.10	Disposed	0	Direct
2011-02-09	Common Stock	M	6500	$7.97	Acquired	6500	Direct
2011-02-09	Common Stock	S	6500	$25.10	Disposed	0	Direct
2011-02-09	Common Stock	M	3250	$8.68	Acquired	3250	Direct
2011-02-09	Common Stock	S	3250	$25.10	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-09	Stock Option (Right to Buy)	$7.45	M	38000	Disposed	2013-06-18	Common Stock (38000)	Direct
2011-02-09	Stock Option (Right to Buy)	$7.45	M	13000	Disposed	2013-06-18	Common Stock (13000)	Direct
2011-02-09	Stock Option (Right to Buy)	$7.91	M	13000	Disposed	2011-07-01	Common Stock (13000)	Direct
2011-02-09	Stock Option (Right to Buy)	$5.76	M	3250	Disposed	2013-06-30	Common Stock (3250)	Direct
2011-02-09	Stock Option (Right to Buy)	$8.5	M	9750	Disposed	2014-06-30	Common Stock (9750)	Direct
2011-02-09	Stock Option (Right to Buy)	$7.97	M	6500	Disposed	2015-06-30	Common Stock (6500)	Direct
2011-02-09	Stock Option (Right to Buy)	$8.68	M	3250	Disposed	2016-06-30	Common Stock (3250)	Direct

Footnotes

F1: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.

F2: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.

F3: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.

F4: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.

F5: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.

F6: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.

F7: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.